Samsung's Q3 Semiconductor Profits Plunge 40% Amid AI Chip Challenges

Despite an overall revenue increase, Samsung struggles with high-bandwidth memory chip delays and competition from SK Hynix.

Samsung's semiconductor division reported a 40% decrease in operating profit for Q3 2024, totaling 3.86 trillion won.
Delays in securing NVIDIA as a customer for its HBM3E chips have allowed competitors SK Hynix and Micron to gain market share.
The company attributes part of the profit decline to one-off costs and adverse currency effects.
Samsung aims to boost future sales by focusing on high-value products and advancing its 2nm GAA process technology.
Despite challenges, Samsung's revenue grew by 17.35% year-on-year, reaching a record 79.1 trillion won.